Altria Group, Inc. offers a range of tobacco products primarily for U.S. consumers aged 21 and older. Its product lineup includes cigarettes, machine-made large cigars, moist smokeless tobacco products, oral nicotine pouches, and e-vapor products. Key subsidiaries under Altria include Philip Morris USA Inc. for cigarettes, John Middleton Co. for cigars, UST LLC for smokeless tobacco, Helix Innovations LLC for nicotine pouches, and NJOY, LLC for e-vapor products. Additionally, Altria is involved in the commercialization of heated tobacco products through a joint venture with JTI (US) Holding, Inc.
Altria operates primarily in the tobacco industry, with its business segmented into smokeable and oral tobacco products. The smokeable products segment includes the Marlboro brand, a leading cigarette brand in the U.S. for decades. The company generates revenue through the sale of these products to wholesalers and large retailers. Altria also has investments in Anheuser-Busch InBev and Cronos Group, contributing to its financial portfolio. The company's revenue is significantly impacted by factors such as brand loyalty, product quality, pricing, and distribution efficiencies.
Altria's primary customers are wholesalers and large retail chains that distribute its products to end consumers. The company’s operational structure includes several subsidiaries, each focusing on specific types of tobacco products. Key factors impacting Altria's business performance include competition within the tobacco market, regulatory changes, and consumer preferences. Altria sources its tobacco through direct contracts with growers and purchases via leaf merchants, ensuring a steady supply for its manufacturing needs.